Healthcare Bastiat 1

Large employers like Deere, Verizon and Caterpillar are announcing major revisions downward in their earnings forecasts to reflect Obamacare taxes.

Medical device makers like Medronic and Zoll are talking about offshoring manufacturing because of Obamacare excise taxes will harm their international competitiveness.

Bastiat, the God of unintended consequences, is not mocked.